stevenash Posted March 4, 2019 Report Posted March 4, 2019 US and China in final stage of completing trade deal: The This is the hidden content, please Sign In or Sign Up said talks have progressed to a stage where a formal agreement could be reached at a probable 27-Mar summit between President Trump and Chinese President Xi Jinping. This is the hidden content, please Sign In or Sign Up cited people familiar with the discussions who said most or all US tariffs on China are likely to be lifted as the two sides close in on a trade deal. Among its concessions, China has pledged to speed up the timetable for removing foreign-ownership caps on car ventures, and reduce tariffs on auto imports below the 15% rate. Beijing would also boost purchase of US goods, including an $18B natural gas purchase from Cheniere Energy (LNG). As talks continue over enforcement, plans are being discussed where officials will hold bilateral meetings to adjudicate disputes. US Trade Rep Lighthizer has said if these do not produce an agreement, the US could impose tariffs. Other says the US is pressing China to agree not to retaliate, which would be a big concession from Beijing. The WSJ noted less progress on other issues, including China’s industrial policies and subsidies to state-owned firms. China has pledged to remove “market distorting subsidies”, but some in the administration do not consider that sufficient because Beijing doesn’t provide numerical figures on its subsidies, nor specify which ones it will eliminate. Quote
Hagar Posted March 4, 2019 Report Posted March 4, 2019 Tell all that to any of the 2020 Dem hopefuls. You’d get a blank stare and a “What does it all mean?” Quote
stevenash Posted March 4, 2019 Author Report Posted March 4, 2019 Or you may be told this is carry over from the Obama administration. Quote
Hagar Posted March 4, 2019 Report Posted March 4, 2019 6 minutes ago, stevenash said: Or you may be told this is carry over from the Obama administration. He thought Beijing was a body of water surrounding the Jing peninsula. Okay. Okay. A little cheesy, but I couldn’t resist lol. Quote
stevenash Posted March 4, 2019 Author Report Posted March 4, 2019 The results imply that, perhaps, the apology tour was less productive. Quote
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